Goldman Sachs Abandons Forecast of More RBNZ Rate Cuts -- Market Talk
Dow Jones
12 hours ago
0256 GMT - Goldman Sachs has abandoned its forecast for a further interest rate cut by the Reserve Bank of New Zealand, saying surging retail sales in 3Q, the largest quarterly gain since 2012, is clear evidence that the economy has turned a corner. Alongside increasingly encouraging high-frequency indicators and Wednesday's less dovish guidance from the RBNZ, the outlook for official interest rates has shifted, says Andrew Boak, chief economist at Goldman Sachs for Australia and New Zealand. GS had been expecting a further cut in February, taking the official cash rate to 2.00%. (james.glynn@wsj.com; X @JamesGlynnWSJ)
(END) Dow Jones Newswires
November 26, 2025 21:56 ET (02:56 GMT)
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